The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of First High-School Education Group Co., Ltd. (“First High-School Education Group” or “the Company”) (NYSE: FHS) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. First High-School Education Group misrepresented the material adverse threat to its business posed by the Chinese government’s new rules, regulations, and policies. The Government’s proposed rules on private education were already impacting the Company through a slowdown in approvals for new facilities. Based on these facts, the Company’s public statements and documents released throughout the IPO period were false and materially misleading. When the market learned the truth about First High-School Education Group, investors suffered damages.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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